During 2013, taxable dividends for New Residential's common stock
(CUSIP# 64828T102) were $0.495000 per share. The entire fourth quarter
2013 common stock dividend was treated as having been received by
shareholders and taxable for 2013. The following table summarizes the
tax treatment for the 2013 common stock dividend payments.

Record

Pay

Taxable

Long-Term

Return of

Date

Date

Distribution

Form

As Ordinary

Qualified

Capital Gain

Capital

2Q13

06/13/13

07/31/13

0.070000

Cash

0.063009

0.000000

0.006991

0.000000

3Q13

09/27/13

10/31/13

0.175000

Cash

0.157521

0.000000

0.017479

0.000000

4Q13

12/30/13

01/31/14

0.250000

Cash

0.225031

0.000000

0.024969

0.000000

Totals

0.495000

Cash

0.445561

0.000000

0.049439

0.000000

The data provided in this press release is provided for informational
purposes only and does not constitute tax advice.Stockholders
are urged to consult their own tax advisors regarding any issues or
decisions regarding the proper tax treatment of their shares of New
Residential.

ABOUT NEW RESIDENTIAL

New Residential focuses on opportunistically investing in, and actively
managing, investments related to residential real estate. The Company
primarily targets investments in: (1) mortgage servicing related assets,
(2) residential mortgage backed securities (“RMBS”), (3) residential
mortgage loans and (4) other related investments. New Residential is
organized and conducts its operations to qualify as a real estate
investment trust (“REIT”) for federal income tax purposes. The Company
is managed by an affiliate of Fortress Investment Group LLC, a global
investment management firm.